financial report Archives

AppWizard

March 26, 2025

Sales revenue dips at CD Projekt for 2024, but profitability has increased

CD Projekt recorded sales revenue of zł985 million for the 2024 financial year, a 17 percent decrease from the previous year. The revenue included zł588.8 million from Cyberpunk 2077 and its Phantom Liberty expansion. The company's net profit declined by 2.5 percent to zł469.9 million, while the net profit margin improved from 39.1 percent to 47.7 percent, largely due to CD Projekt Red's profit margin of 58.5 percent. GOG reported a profit margin of 0.6 percent. CFO Piotr Nielubowicz noted that Cyberpunk 2077 and its expansion generated nearly 600 million PLN in earnings, and The Witcher 3 continues to attract players. Joint CEO Michał Nowakowski announced plans for Cyberpunk 2077: Ultimate Edition on macOS and a new animation project set for release on Netflix in 2024.

AppWizard

February 13, 2025

Apple TV+ App to Be Offered for Android Devices

Apple TV+ will be available on Android devices starting February 12, marking the first time the app is accessible on Android platforms, specifically for devices running Android 10 or newer. Users can subscribe to Apple TV+ and the MLS Season Pass through the app. Prior to this, the app was compatible with various devices, including Roku and smart TVs. Apple reported .12 billion in revenue from its services sector in the fourth quarter, a 14% increase year-over-year, and has surpassed 1 billion subscriptions. In October, Apple TV+ was added to Amazon Prime Video's subscription options in the U.S. The streaming industry is facing challenges such as consumer dissatisfaction and rising subscription costs.

AppWizard

February 7, 2025

I’m sorry to say Rockstar still won’t tell us when (or even if) Grand Theft Auto 6 is coming to PC

Take-Two Interactive's quarterly financial report indicates that Grand Theft Auto 6 is scheduled for release in the fall of 2025, but there is no mention of a PC version, leading to speculation that it may not be released until 2026. The game was announced in December 2023, and the absence of a PC version has left fans in suspense. Additionally, Judas, a project from Ken Levine's Ghost Story Games, does not have a definitive release date. CEO Strauss Zelnick noted that Grand Theft Auto 5 has sold over 210 million copies across three console generations and that GTA Online continues to thrive after a decade. There is anticipation that more information about a PC release for GTA 6 may be revealed during Take-Two's Q4 results announcement in May.

AppWizard

November 11, 2024

FromSoftware parent Kadokawa to expand publishing business

Kadokawa Corporation, the parent company of From Software, aims to enhance its publishing capabilities for console and PC games. The company is focused on maximizing the lifetime value of its flagship title, Elden Ring, which has sold over 25 million copies since its launch in February 2022. Sales for Elden Ring increased following the release of the Shadow of the Erdtree DLC on June 21st. Despite strong sales figures, Kadokawa anticipates that overall sales in its gaming division may not meet earlier projections due to project delays. However, for the first half of the current fiscal year ending September 30th, Kadokawa reported a 32.8 percent increase in net sales to ¥18.1 billion and a 50.8 percent rise in operating profit to ¥6.1 billion.

Winsage

November 11, 2024

Bill Gates Introduced Windows 41 Years Ago Today: Here’s How Much You’d Have If You Invested $1000 In Microsoft When It Went Public

Bill Gates unveiled Windows on November 10, 1983, at the Plaza Hotel in New York City, marking the beginning of a software revolution in personal computing. Initially projected for release in April 1984, Windows faced development delays and was ultimately launched in November 1985. Despite early skepticism, Windows 1.0 laid the groundwork for future innovations, leading to Windows becoming the leading operating system globally. Microsoft's IPO occurred on March 13, 1986, with an initial share price that would have allowed a ,000 investment to secure approximately 47.6 shares. The company has had multiple stock splits, significantly increasing the number of shares for early investors, resulting in an initial ,000 investment now worth over .35 million. In the latest financial report, Microsoft reported revenue of .60 billion for the first quarter, a 16% increase from the previous year. Microsoft shares closed down 0.68% at 2.54, with after-hours trading at 2.35.

AppWizard

November 8, 2024

PlayStation CEO Shares Learnings from Concord Failure, Reckons PSN Requirement Will Keep PC Games Safe

Sony's Q2 2024 financial report revealed that the PlayStation 5 has sold a total of 65.5 million units, prompting a revision of the full-year forecast for the gaming segment. During an investor call, PlayStation Co-CEO Hiroki Totoki discussed the closure of Firewalk Studios and acknowledged a setback with the Concord project, which cost over 0 million. He emphasized the need for better organizational structure and earlier user testing in the development process. Totoki also addressed PC gamers' concerns about the requirement for a PlayStation Network account to access single-player titles like God of War Ragnarök and Horizon Zero Dawn Remastered, stating that this policy is necessary for safety in live service games, despite the titles in question not being live service games.